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U.S. stocks settled sharply lower Tuesday as oil prices dropped and as investors fretted over weak Q1 earnings, erasing a big chunk of Monday's strong rally, and putting the Dow back into negative territory for the year so far.

Canadian shares wavered between gains and losses as gains in banks overpowered a slump in material producers. The Standard & Poor’s/TSX Composite Index (TSE:OSPTX) inched up 0.1 percent at 14,922 at 12:28 p.m. in Toronto.

Orbite announced that Euro Pacific Canada has agreed to underwrite a total of 8,500 units at $1,000 apiece, generating proceeds of C$8.5 million. Euro Pacific also has the option to buy an additional 6,500 units over the next 30 days, for total proceeds of some C$15 million.

NexGen Energy (CVE:NXE) is undervalued, said analyst Rob Chang at Cantor Fitzgerald, who calculated an estimate of 58 million pounds of uranium for the Arrow discovery at the company's Rook I project based on drilling results to date, "meaning NexGen is cheap".

After signing its first preliminary agreement to market the device last week, Robix is ready to build on its foundation and establish a portfolio of customers, taking the company to a new stage of growth.

The consideration will consist of C$461 million in cash and a $15-million PIK note due on the eighth anniversary of the deal's closing.Amaya plans to use the sale proceeds to pay back Cadillac Jack’s current senior secured term loan and mezzanine debt.